Rise in interest rates totals 5 percent

Title

Rise in interest rates totals 5 percent

Genre

News report; Interview; Speech; News bulletin

TX Date

16 Sep 1992

Year of production

1992

Play audio

To listen to the audio files, please log in.

Duration

00:07:43

Description

LBC Newstalk 17.00 news bulletin with Brian Widlake focusing on the decision of Chancellor Norman Lamont to impose an unprecedented five percent rise in interest rates as the value of the pound continues to crash on the European Exchange Rate Mechanism (ERM). Includes reports by financial editor, Robin Amlot; political editor, Peter Murphy; reaction from shadow Chancellor John Smith; Alan Beith, Liberal Democrat spokesman; Bill Cash MP; Ruth Lee, Mitsubishi Bank; Mark Boleat, Building Societies Association. Bulletin also has a report on the health of French President Francois Mitterrand; sports bulletin with Patrick Muirhead; weather with Philip Eden; traffic bulletin (clipped).

Contributors

Peter Murphy; Mark Boleat; John Smith; Alan Beith; Bill Cash; Philip Eden; Robin Amlot; Patrick Muirhead; Brian Widlake; LBC Newstalk 97.3; Ruth Lee

Keywords

Economics; Housing; UK; France; Exchange rates; Economic policy; Francois Mitterrand; Interest rates; Building societies; Presidents; Europe; Banks; Currencies; International monetary systems; Cabinet ministers; Mortgages (loans); Norman Lamont

The copyright of audio recordings in the LBC / IRN Digitisation Archive is owned by Global Radio UK Ltd.